One Wall Partners (OWP), the real estate investment and management firm based in Newark, NJ, announces the acquisition of 38 S. Walnut in East Orange, NJ. The 38 S. Walnut property adds 25 units to OWP’s growing portfolio of transit-oriented housing in northern New Jersey.
OWP’s acquisition of 38 S. Walnut includes one- and two-bedroom units with a short commute to New York City. The property has a walk score of 86, is a five-minute walk to the East Orange New Jersey Transit train station and 15 miles from New York City, offering residents an easy commute into Manhattan. The building is a walk-up with on-site laundry, providing residents with convenient housing amenities and illustrating OWP’s commitment to providing affordable, high-quality workforce housing.
The acquisition of 38 S. Walnut strengthens OWP’s growing portfolio of workforce housing in northern New Jersey, joining 41 Main St. in Orange and 207 S. Harrison in East Orange.
Founded in 2010, OWP is a vertically integrated real estate operator whose main objective is providing naturally occurring affordable housing and quality, transit-oriented workforce housing located within a half-mile of public transportation. The purchase of 38 S. Walnut will provide affordable and convenient housing in northern New Jersey.
One Wall continues to pursue investment opportunities in the region.
For more information about One Wall Partners, email us at email@example.com.